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CA: SCIF Declares Dividend

Pleasanton, CA (WorkersCompensation.com) – Up to 75,000 California employers will get a bonus averaging $1,400 each next year. The State Compensation Insurance Fund’s Board of Directors yesterday announced a $105 million dividend for qualifying policyholders with policies that took effect between Jan. 1 and Aug 19 of this year. The dividend equates to approximately 15 percent of the estimated annual premium reported in the insurer’s mid-year 2019 financial statement. The money ...

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